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Manufactures plumbing fittings, best known for SharkBite push-to-connect fittings, sold in the US, UK and Australia.
Manufactures plumbing fittings, best known for SharkBite push-to-connect fittings, sold in the US, UK and Australia.
Sells through plumbing wholesalers and home-improvement chains, with the Americas, mainly the US, the largest region, so US repair and remodelling activity matters more to it than Australian construction. Plumbers choose the fittings, which supports a premium over conventional crimp fittings.
In one line: The maker of SharkBite fittings.
Moat: narrow (brand, IP / patents). SharkBite's patented push-to-connect technology and strong trade-brand recognition among plumbers.
Headquarters: Melbourne, Australia · Founded: 1949
Size Reliance Worldwide (RWC.AX) is an Australia Industrials company (Building Products) with a market value of $2.33B, the 111th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.52 on 6 Nov 2026.
Performance Over six months the shares gained 47.2%, against -2.0% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 5.2% over the last twelve months (peer median +4.2%); the operating margin is 12.3% (peer median 9.8%).
Valuation It trades at 16.3× forward earnings against a peer median of 16.2× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.1 points below its cost of capital (9.1% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.92B | A$1.93B | A$2.03B | A$1.90B | A$1.85B |
| Revenue growth | — | -5% | +7% | +3% | — |
| Gross profit | A$678M | A$679M | A$789M | A$746M | A$711M |
| EBITDA | A$345M | A$337M | A$427M | A$395M | A$394M |
| Net income | A$13.4M | A$9.25M | A$193M | A$168M | A$208M |
| Free cash flow | A$295M | A$306M | A$281M | A$319M | A$277M |
| Capital expenditure | A$28.1M | A$29.1M | A$51.7M | A$63.0M | A$63.2M |
| Total debt | n/a | A$546M | A$706M | A$840M | A$837M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Reliance Worldwide RWC.AX | $2.33B | +47% | -5% | 12% | 16.3× | 9.9% |
| Watts Water Technologies WTS | $11.6B | +17% | +17% | 19% | 24.6× | 15.8% |
| Fortune Brands Innovations FBIN | $5.74B | +27% | -3% | 14% | 19.7× | 5.3% |
| Mueller Industries MLI | $11.5B | -25% | +21% | 20% | 12.0× | 0.0% |
| Georg Fischer GF.SW | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% |
| Aalberts AALB.AS | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% |
| Zurn Elkay Water Solutions ZWS | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RWC.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | -2.2% | 10th lowest of 21 |
| 6-month return | +47.2% | -2.0% | highest of 21 |
| Distance from 52-week high | -5.6% | -25.2% | highest of 21 |
| Revenue growth (TTM) | -5.2% | +4.2% | 3rd lowest of 21 |
| Operating margin | 12.3% | 9.8% | 6th highest of 21 |
| Forward P/E | 16.3× | 16.2× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 4.8% | 7th most demanding of 19 |
| Growth delivered (Del g) | +7.5% | +5.4% | 6th highest of 19 |
| Hurdle (Req g minus delivered) | +2.4 pp | +2.3 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | -2.1 pp | +4.2 pp | 5th lowest of 21 |
| EV / EBITDA | 11.2× | 9.4× | 5th most expensive of 14 |
| Net debt / EBITDA | 1.5× | -0.3× | 3rd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Reliance Worldwide RWC.AX | Australia | $2.33B | +47% | -5% | 12% | 16.3× | 9.9% | +7.5% |
| Shanghai Mechanical & Electrical Industry 600835.SS | China | $2.34B | -27% | -2% | 2% | 22.5× | 0.6% | -3.8% |
| Qingdao East Steel Tower Stock 002545.SZ | China | $2.25B | -50% | +23% | 32% | 8.5× | -10.2% | +13.0% |
| Jangho 601886.SS | China | $2.01B | +26% | +14% | 5% | 15.0× | -0.1% | +3.9% |
| Kajaria Ceramics KAJARIACER.NS | India | $1.96B | +7% | +14% | 16% | 26.1× | 26.2% | +11.7% |
| Tecnoglass TGLS | United States | $1.95B | +10% | +10% | 18% | 13.8× | n/a | n/a |
| Hyundai Elevator 017800.KS | South Korea | $1.79B | -31% | -9% | 9% | 9.4× | -5.5% | +6.3% |
| Interface TILE | United States | $1.78B | +4% | +7% | 12% | 14.5× | 11.4% | +4.7% |
| Rinnai 5947.T | Japan | $3.07B | -3% | +4% | 10% | 13.3× | -9.5% | +6.4% |
| STO Express 002468.SZ | China | $3.40B | -8% | +26% | 5% | 10.2× | -12.5% | +20.8% |
| Nichias 5393.T | Japan | $3.52B | -5% | +3% | 15% | 15.2× | 7.1% | +5.1% |
| Century Plyboards (India) CENTURYPLY.NS | India | $1.50B | -20% | +26% | 10% | 34.4× | n/a | n/a |
| Xiamen Solex High-Tech Industries 603992.SS | China | $1.38B | -35% | +18% | 8% | 29.9× | 13.5% | +5.2% |
| Preformed Line Products PLPC | United States | $1.28B | -24% | +16% | 10% | 18.8× | 10.2% | +7.5% |
| Takara standard 7981.T | Japan | $1.20B | +2% | +2% | 7% | n/a | -5.5% | +5.7% |
| Griffon GFF | United States | $4.58B | +15% | -12% | 20% | 17.1× | 7.5% | +4.0% |
| Sanwa 5929.T | Japan | $5.10B | +8% | +2% | 11% | 14.8× | -2.6% | +9.1% |
| Solareast 603366.SS | China | $1.07B | +8% | 0% | -2% | n/a | 39.8% | +2.9% |
| Toto 5332.T | Japan | $5.40B | -1% | +5% | 8% | 18.2× | 7.8% | +5.0% |
| Suzhou Huaya Intelligence Technology 003043.SZ | China | $990M | -20% | +2% | 11% | 78.3× | 27.6% | +22.3% |
| Zehnder ZEHN.SW | Switzerland | $983M | +10% | +2% | 8% | 17.5× | 2.5% | +1.5% |